The property market is in a different phase to what many of us are used to with prices decreasing across much of the country. Decreasing property values are eroding homeowners’ capital gains (although the capital gains for many are in
Last month, the team at homes.co.nz tried to put recent property price decreases into perspective by comparing any price drops to the average capital gains generated across the country. Although most kiwi homeowners have owned their home for an extended
2022 has seen a change in the New Zealand property market. Prices are softening across most of the country, sales volumes are decreasing and those properties that are on the market are taking longer to sell. There are a number
Sustainability is an increasing concern for many Kiwi’s and is starting to be more front of mind for those in the property market. For current (and prospective) homeowners, being more sustainable means reducing their carbon footprint throughout the building lifecycle
Capital Values, Rateable Values, CVs, RVs are all terms for the three-yearly (usually) assessment of a property’s value and are used by local councils to help apportion the rates in their area. These are especially relevant right now, with new
You may have noticed your HomesEstimate starting to decrease. The reason for this is the headwinds facing the property market are starting to be seen in homes.co.nz’s sales data and are now starting to impact homes.co.nz’s estimated values across the
After a well-earned summer break, most Kiwi’s are getting back into the swing of the year, and the property market is no different. The volume of properties for sale is picking up as we move into one of the year’s
Happy New Year to everyone! Despite the challenges everyone faced in 2021, the homes.co.nz team are thankful for all the support of our users and are looking forward to 2022. Despite signs of cooling towards the end of the year,
This month, we’re hearing from Dot Loves Data Government Director, Justin Lester, who’s analysis shows just how out of reach a house deposit is for many Kiwis around the country. These insights may not provide solace to those looking for
Increasing housing supply may become easier next year with the Government announcing to dramatically loosen residential planning rules. For our main urban areas, this will mean people will be able to develop up to three homes of up to three
With property prices increasing as they have, it comes as no surprise to see large increases in suburb median values around the country. Core Logic’s latest insights** suggest that there are now only 150 suburbs nationwide with median values less
Well, that escalated quickly! One minute we were enjoying life in Level 1, and the next day we were in lockdown with all the challenges it posed. The team at homes.co.nz wishes everyone well during this time and fingers crossed
There are signs that the market is finally slowing and many commentators are predicting that we may be approaching a turning point. Assuming we are approaching the end of the current property cycle, we thought we’d step back and provide
The Reserve Bank has reported May’s average mortgage interest rates for 2, 3, 4 and 5 year fixed terms being higher than in April. This has followed a sustained period of falling interest rates, which has contributed to the property
The saying goes, if you want something done right, then do it yourself. However, when it comes to property, this may be easier said than done. With prices for existing homes getting further and further out of reach, many potential
